Consumer spending on over-the-counter health care products in Myanmar is anticipated to grow from around $140 million in 2013 to $480 million by 2020, providing a huge and growing market for distributors and logistics providers.
Major Japanese international freight forwarder Yusen Logistics Co.
Container Corp. of India, the country’s largest intermodal logistics provider, reported its net income rose 6 percent year-over-year in the first fiscal quarter, from April to June, to Rs. 261.88 crore (about $43.7 million).
Rick Gabrielson, senior manager for import transportation at Target Corp., has been named vice president of transportation at Lowe’s Cos.
Norbert Dentressangle’s $750 million acquisition of Iowa-based Jacobson Companies not only gives the European logistics giant a larger footprint in a faster-growing economy but also one with more supply chain management outsourcing potential.
After hitting record gross revenue and net revenue in the second quarter, Echo Global Logistics sees more opportunity in helping shippers secure space in an increasingly tightening market.
The strengthening U.S. economy, a second-quarter surge in freight and higher rates boosted revenue and profit at Con-way’s less-than-truckload, logistics and truckload divisions.
China will remain the clear leader in U.S. footwear imports even as Vietnam and other countries nibble away at its market share, according to a new forecast by the Footwear Distributors and Retailers of America.
More shippers contracting with C.H. Robinson Worldwide shifted loads from railroad to highway in the second quarter after seeing intermodal rail service deteriorate.
XPO Logistics will add more than half a billion dollars in revenue to its top line by acquiring New Breed Logistics for approximately $615 million.